A year after the launch of its cap-and-trade program, California formally linked its emissions trading scheme with Quebec's -- enabling carbon allowances and offset credits to be exchanged between participants in the two jurisdictions.
The sooner we end this stalemate and join the growing list of countries with national policies and carbon markets the better. Meanwhile, kudos to the president and his team for taking action and elevating the issue greatly on the national and international stage.
With our current situation of cheap natural gas, no price on carbon providing an incentive to decarbonize, and no carbon pollution regulation of existing coal plants, industry efforts are dead in their tracks.
By cracking down on the coal industry's devastating pollution, President Obama has an opportunity to really energize activists and community leaders across the country hungry for real climate leadership.
Chu triumphantly told his Big Coal listeners that he would "save coal" by investing billions into still infeasible, prohibitively expensive, unproven and fanciful carbon capture and storage (CCS) technology.